OFF MARKET

7/335 Barrenjoey Road
Newport NSW 2106

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 32m2
Land area: 3349m2
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Last updated 14 Oct 2024
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Property Details for 7/335 Barrenjoey Rd, Newport

7/335 Barrenjoey Rd, Newport is a 0 bedroom, 0 bathroom Unit and was built in 1995. The property has a land size of 3349m2 and floor size of 32m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
Unit
Year Built
1995
Floor Size
32m2
Land Size
3349m2
Local Government
Northern Beaches
Lot/Plan
7/SP44281

Last Listing description (May 2021)

CBRE, as the exclusive listing agent is pleased to present Shop 7, 331- 335 Barrenjoey Road, Newport. An affordable investment opportunity on Sydney's affluent Northern Beaches in the heart of Newport's busting retail village. Leased to Caffeine Villains, an established cafe operator who has just exercised their 5-year option.

Shop 7, 331- 335 Barrenjoey Road, Newport benefits from the following key attributes:


New 5-year lease to October 2025
Net Annual Income of $30,065*
Sought after fixed 3% annual rental increases
Bank Guarantee equivalent to 3 months' rent and GST
Established tenant, Caffeine Villains, having just exercised their 5-year option.
Prime location within the heart of Newport Village's bustling retail precinct neighboring Pizza Hut, BWS, eateries and retail boutiques.
Capital intensive tenant fit-out
Backs on to Foamcrest Avenue Council Car Park providing significant passing foot traffic.
Exhaust and access to grease trap
Outdoor seating for 33 seats

Shop 7, 331- 335 Barrenjoey Road, Newport will be sold via a Public Auction on Tuesday the 4th of May, 2021 at AuctionWORKS Mezzanine Level, 50 Margaret Street, Sydney NSW 2000 (Livestream and Online Bidding available)

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approx.

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Property History for 7/335 Barrenjoey Rd, Newport, NSW 2106

A timeline of how this property has performed in the market
Last Sold
$550,000
03 May 2021
  • 03 May 2021
    Sold for $550,000
  • 14 Apr 2021
    Listed for Sale Contact Agent
  • 10 Dec 2013
    Sold for $96,667
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About Newport 2106

The size of Newport is approximately 3.8 square kilometres. It has 21 parks covering nearly 9.6% of total area. The population of Newport in 2011 was 9,036 people. By 2016 the population was 9,302 showing a population growth of 2.9% in the area during that time. The predominant age group in Newport is 50-59 years. Households in Newport are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Newport work in a professional occupation. In 2011, 72.5% of the homes in Newport were owner-occupied compared with 74.2% in 2016.

Newport has 4,489 properties. Over the last 5 years, Houses in Newport have seen a 60.96% increase in median value, while Units have seen a 41.29% increase. As at 30 September 2024:

  • The median value for Houses in Newport is $2,684,627 while the median value for Units is $1,298,471.
  • Houses have a median rent of $1,200 while Units have a median rent of $750.
There are currently 27 properties listed for sale, and 16 properties listed for rent in Newport on OnTheHouse. According to CoreLogic's data, 182 properties were sold in the past 12 months in Newport.

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